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Canadian billionaire Frank Stronach, who is about to become the sole owner of Santa Anita Park, said he hasn't ruled out talking to developer Rick Caruso about reviving a project to build an outdoor mall in the race track's parking lot. Last week Caruso announced that he is no longer pursuing a development deal with Santa Anita Park's outgoing owner, MI Developments, Inc. (MID), for the upscale Shops at Santa Anita. Stronach is the outgoing chairman of MID.

https://arcadiahistory.andornot.com/en/permalink/newspaper32415
Newspaper
Pasadena Star News
Date
May 28, 2011
Pages
p. A1, A8
More detail
Newspaper
Pasadena Star News
Date
May 28, 2011
Pages
p. A1, A8
Subjects
Caruso, Rick
Malls
Santa Anita Park -- parking lot
Shops at Santa Anita
Stronach, Frank
Item ID
32613AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso said he is in the process of finalizing a new deal with Santa Anita Park's owners to build an outdoor mall at the race track's south parking lot. MI Developments (MID) (owner of track), voided a 2005 joint-venture development agreement with Caruso Affiliated in April 2010 for the proposed 825,000 square feet The Shops at Santa Anita, as part of MID's bankruptcy reorganization. MID and Caruso have been renegotiating since, and the development will be similar with some minor variations.

https://arcadiahistory.andornot.com/en/permalink/newspaper32278
Newspaper
Pasadena Star News
Date
January 4, 2011
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
January 4, 2011
Pages
p. A1, A4
Subjects
Caruso Affiliated
Caruso, Rick
MI Developments (MID)
Santa Anita Park--2011-2020
Shopping malls
Item ID
32477AN
Collection
Newspaper Index
Less detail

Santa Anita Park's ownership changed hands on April 30 after Frank Stronach's Magna Entertainment Corp. (MEC) transferred many of its assets to Stronach's MI Developments (MID) (one of MEC's creditors), as part of a bankruptcy restructuring plan. Last week MI Developments, a real estate operating company, canceled its 2005 agreement with Caruso Affiliated to develop to the proposed mall known as The Shops at Santa Anita, but this week MI Developments hopes to work out a deal with developer Rick Caruso to build an upscale retail project in the track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper32030
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Stronach, Frank
Item ID
32227AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso and officials of Santa Anita Park met to discuss reviving The Shops at Santa Anita, a proposed upscale retail mall project. MI Developments (MID) had cancelled a 2005 contract with Caruso Affiliated to build the mall after bankruptcy restructuring at Santa Anita Park. Both parties hope to move forward with the mall.

https://arcadiahistory.andornot.com/en/permalink/newspaper32077
Newspaper
Pasadena Star News
Date
May 29, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 29, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Item ID
32274AN
Collection
Newspaper Index
Less detail

In a strongly worded letter to Canadian mogul Frank Stronach, Arcadia city officials urged Santa Anita Park's owner to work with developer Rick Caruso and finish the proposed upscale Shops at Santa Anita mall project that has been in the works for the last five years. Stronach's MI Developments (MID) voided its contract with Caruso following bankruptcy restructuring at Santa Anita Park. In a further flexing of city muscle, the letter stated that it "looks forward to working with the race track in future projects that require City approval."

https://arcadiahistory.andornot.com/en/permalink/newspaper32069
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A4
More detail
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A4
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Stronach, Frank
Item ID
32266AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso of Caruso Affiliated is no longer pursuing a deal with Santa Anita Park owners MI Developments to develop an outdoor mall in the race track's parking lot. The project was known as The Shops at Santa Anita. Caruso said, "We're not pursuing it, because of the (Magna Entertainment Corp.) bankruptcy...and everything else." Arcadia city councilman Mickey Segal said it's a loss of "a projected $2.5 million to $3 million of revenue (each year) to the city" in sales and property tax.

https://arcadiahistory.andornot.com/en/permalink/newspaper32406
Newspaper
Pasadena Star News
Date
May 21, 2011
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
May 21, 2011
Pages
p. A1, A6
Subjects
Caruso Affiliated
Caruso, Rick
Malls
MI Developments
Santa Anita Park race track parking lot
Shops at Santa Anita
Item ID
32604AN
Collection
Newspaper Index
Less detail

Last year it seemed Santa Anita Park might be sold in a bankruptcy auction, but it appears owner Frank Stronach will keep an interest in the track. Under a deal arranged by Stronach's bankrupt Magna Entertainment Corp. (MEC) and its creditors in a Delaware bankruptcy court, ownership of the track would be transferred to MI Development, a real estate holding company controlled by Stronach. If a judge accepts the plan, Stronach would also retain ownership of Golden Gate Fields in the Bay Area, and Gulfstream Park in Florida. Also, it sets up developer Rick Caruso to proceed with building the Shops at Santa Anita mall that is proposed for the track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper31899
Newspaper
Pasadena Star News
Date
February 13, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
February 13, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso, Rick
Magna Entertainment Corp. (MEC)
Santa Anita Park - 2001-2010
Shops at Santa Anita
Stronach, Frank
Item ID
32096AN
Collection
Newspaper Index
Less detail

Frank Stronach, chairman of MI Developments Inc. (MID), the owner of Santa Anita Park, will reveal a plan for Santa Anita Park on Wednesday to horse owners and trainers and he plans to address the California Horse Racing Board (CHRB). He did not discuss details but his plan aims to revitalize the ailing horse racing industry.

https://arcadiahistory.andornot.com/en/permalink/newspaper32139
Newspaper
Pasadena Star News
Date
August 17, 2010
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
August 17, 2010
Pages
p. A1, A4
Subjects
California Horse Racing Board (CHRB)
Horses and horse racing
MI Developments (MID)
Santa Anita Park-2001-2010
Stronach, Frank
Item ID
32336AN
Collection
Newspaper Index
Less detail

Arcadia officials will meet with Santa Anita Park's majority owner Frank Stronach, to talk about the mall project that fell through with Caruso Affiliated, and to see if Stronach still envisions a high end retail project to develop on the track parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper32419
Newspaper
Pasadena Star News
Date
June 16, 2011
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
June 16, 2011
Pages
p. A3
Subjects
Caruso Affiliated
Malls
Santa Anita Park -- parking lot
Shops at Santa Anita
Stronach, Frank
Item ID
32618AN
Collection
Newspaper Index
Less detail

Santa Anita Park will host the Oak Tree Racing Association's fall meet one last time. Oak Tree's five-week fall meet has been held at Santa Anita Park since 1969. Frank Stronach, chairman of MI Development (owner of Santa Anita Park), said he doesn't want to have a tenant (Oak Tree) in the long run and talked about deregulation of the horse racing industry.

https://arcadiahistory.andornot.com/en/permalink/newspaper32093
Newspaper
Pasadena Star News
Date
June 23, 2010
Pages
p. A1, A5
More detail
Newspaper
Pasadena Star News
Date
June 23, 2010
Pages
p. A1, A5
Subjects
Chillingworth, Sherwood
Horses and horse racing
MI Developments
Oak Tree Racing Association
Santa Anita Park-2001-2010
Stronach, Frank
Item ID
32290AN
Collection
Newspaper Index
Less detail

Frank Stronach, chairman of MI Developments (MID), is requesting the California Horse Racing Board (CHRB) to allow additional racing days at Santa Anita Park and at his other track Golden Gate Fields. He wants the number of racing days to increase from 85 to 140 days per year, to run races when he thinks he'll get the most customers. In order for MID to maintain its license and run thoroughbred racing at Santa Anita Park and Golden Gate Fields, the CHRB has asked the company to submit a business plan. The plan has been a secret even to some of the company's board members. In the meantime, repairs are being made at Santa Anita Park in preparation for the fall Oak Tree meet (photo).

https://arcadiahistory.andornot.com/en/permalink/newspaper32115
Newspaper
Pasadena Star News
Date
July 27, 2010
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
July 27, 2010
Pages
p. A1, A4
Subjects
California Horse Racing Board (CHRB)
Horses and horse racing
MI Developments (MID)
Santa Anita Park-2001-2010
Stronach, Frank
Item ID
32312AN
Collection
Newspaper Index
Less detail

The Oak Tree Racing Association lost its lease to operate its fall horse racing meet at Santa Anita Park. Oak Tree has operated a fall meet at the track since 1969. Due to bankruptcy restructuring, Frank Stronach's company MI Developments took control of Santa Anita Park from Stronach's Magna Entertainment Corp (MEC). MI Developments wants to negotiate a new lease agreement with Oak Tree for fall racing.

https://arcadiahistory.andornot.com/en/permalink/newspaper32062
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32259AN
Collection
Newspaper Index
Less detail

Frank Stronach, chairman of MI Developments, is scheduled to address the California Horse Racing Board to address a number of issues, including a potential new racetrack surface for Santa Anita Park and the recent cancellation of its lease with the charitable Oak Tree Racing Association. Dennis Mills, MI Development's CEO and vice chairman has said Santa Anita Park might replace its synthetic track soon, which could jeopardize hosting Oak Tree's meet there.

https://arcadiahistory.andornot.com/en/permalink/newspaper32091
Newspaper
Pasadena Star News
Date
June 20, 2010
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
June 20, 2010
Pages
p. A1, A6
Subjects
California Horse Racing Board
Chillingworth, Sherwood
Horses and horse racing
MI Developments
Oak Tree Racing Association
Santa Anita Park-2001-2010
Stronach, Frank
Item ID
32288AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp., owner of Santa Anita Park race track, which is in bankruptcy reorganization hearings, filed a plan that would cancel its 2005 agreement with Rick Caruso to develop the 830,000 square feet Shops at Santa Anita on the race track's south parking lot. Caruso filed an objection to the move in bankruptcy court, citing "substantial economic harm" to Santa Anita Associates, LLC, the legal entity that was going to develop the project. Santa Anita LLC has so far invested over $25 million to the project's development. Caruso is committed to developing the project in Arcadia. If the contract is indeed terminated between the parties, Magna would have to start from scratch with new plans, new environmental impact reports, and new hearings to propose another development.

https://arcadiahistory.andornot.com/en/permalink/newspaper31978
Newspaper
Pasadena Star News
Date
April 22, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
April 22, 2010
Pages
p. A1
Subjects
Caruso, Rick
Magna Entertainment Corp.
Santa Anita Associates, LLC
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Item ID
32175AN
Collection
Newspaper Index
Less detail

The California Horse Racing Board authorized Oak Tree Racing Association to have its traditional fall meet at another thoroughbred venue in Southern California since the association's use of Santa Anita Park is still uncertain. MI Developments, which is chaired by Frank Stronach, recently voided Oak Tree's contract after acquiring the race track from Stronach's Magna Entertainment Corp (MEC) through federal bankruptcy proceedings. Oak Tree's director Sherwood Chillingworth said, "If we can't make a deal with Santa Anita...we can take our dates and run them in Hollywood or Del Mar."

https://arcadiahistory.andornot.com/en/permalink/newspaper32070
Newspaper
Pasadena Star News
Date
May 21, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 21, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32267AN
Collection
Newspaper Index
Less detail

MI Developments, the new owners of Santa Anita Park, defended canceling Oak Tree Racing Association's lease for fall racing, saying the contract did not account for the true economic cost of running the race track, according to Dennis Mills, vice chairman and chief executive officer of Canada-based MI Developments. On the other hand, Oak Tree's director and executive vice president Sherwood Chillingworth said the race track was getting the better deal, as Santa Anita Park got 75% of Oak Tree's profits. Chillingworth is talking about running Oak Tree at Hollywood Park or Del Mar.

https://arcadiahistory.andornot.com/en/permalink/newspaper32073
Newspaper
Pasadena Star News
Date
May 25, 2010
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
May 25, 2010
Pages
p. A1, A6
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
MI Developments (MID)
Mills, Dennis
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32270AN
Collection
Newspaper Index
Less detail

Dennis Mills, vice chairman and CEO of Canada-based MI Developments, which owns Santa Anita Park, said the company will be unveiling a new business plan. This new business plan has many horse racing industry people worried about the future.

https://arcadiahistory.andornot.com/en/permalink/newspaper32078
Newspaper
Pasadena Star News
Date
June 1, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
June 1, 2010
Pages
p. A1
Subjects
Horse racing
MI Developments (MID)
Mills, Dennis
Santa Anita Park--2001-2010
Item ID
32275AN
Collection
Newspaper Index
Less detail

Santa Anita Park's owners want rock group KISS's singer Gene Simmons for a public relations and marketing gig. Despite several changes in recent months, track owner Frank Stronach, 80, said Santa Anita Park continues to fall short of his financial expectations.

https://arcadiahistory.andornot.com/en/permalink/newspaper33247
Newspaper
Pasadena Star News
Date
October 27, 2012
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
October 27, 2012
Pages
p. A1, A4
Subjects
KISS (rock group)
Santa Anita Park--2011-2020
Simmons, Gene
Stronach, Frank
Item ID
33444AN
Collection
Newspaper Index
Less detail

Santa Anita Park owner Frank Stronach met with about a dozen horse trainers to discuss the track's racing surface. Stronach announced that he would not replace the synthetic Pro-Ride track yet, but will stick with it until he gets the ability to run the track with less state regulations. He wants free enterprise, which he may never get. In the meantime, drainage problems and injuries persist on the synthetic track. Stronach said he'd be back in April to discuss the issue more.

https://arcadiahistory.andornot.com/en/permalink/newspaper31919
Newspaper
Pasadena Star News
Date
March 2, 2010
Pages
p. B1
More detail
Newspaper
Pasadena Star News
Date
March 2, 2010
Pages
p. B1
Subjects
Horses and horse racing
Magna Entertainment Corporation (MEC)
Race track surfaces
Santa Anita Park - 2001 - 2010
Stronach, Frank
Synthetic tracks
Item ID
32116AN
Collection
Newspaper Index
Less detail

Santa Anita Park's current Pro-Ride synthetic track surface will be replaced with a dirt track after the Oak Tree meet ends October 31 and before Santa Anita Park's winter-spring season starts December 26, 2010. Frank Stronach said it will cost about $6 million to install.

https://arcadiahistory.andornot.com/en/permalink/newspaper32142
Newspaper
Pasadena Star News
Date
August 19, 2010
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
August 19, 2010
Pages
p. A1, A4
Subjects
Horses and horse racing
Santa Anita Park-2001-2010
Stronach, Frank
Synthetic track
Item ID
32339AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.